State of Microfinance in J&K - KashmirCorps

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APPENDIX I Interview Guide for Financial Institutions Distributing Microcredit Capital Interviewee:____________________ Date: ___ / ___ / ___ Interviewer:____________________ Location:______________________ As volunteers with the non-profit organisation KashmirCorps, we are presently undertaking a study investigating and evaluating existing microcredit initiatives within the valley. We understand that your organisation distributes microcredit loans, and would appreciate your experience in aiding our study. Attitude Checks: Commitment to Microcredit 1. What are the models used by banks for credit evaluation, contract enforcement and trust building with the clients • How is the clientele identified Particular income groups Industry • How does your institution determine who receives the loans within these groups Self Help Groups Joint Liability Groups • How does your institution advertise their microcredit loans to the clientele • What are the terms and conditions to obtain a loan • What is the bank’s commitment to sustainable lending in rural areas • Do the microcredit loans show up as assets in the banks balance sheet If yes, has this affected accountability and transparency 2. Why did the bank decide to initiate micro financing in Kashmir • When did the institution begin distributing microcredit loans • What is the microcredit division’s mission statement in terms of distributing loans • What role does the poor play in the creation of a strong financial sector How does microcredit assist in this • How do the recipients of the loans use the finances given to them • What is the general mentality among the poor for receiving a loan Are they optimistic • Do you see the loans benefitting those from all income levels, or only those who need a boost of capital for their already-established businesses How do you view those at the bottom of the pyramid • Did you use the ICICI Social Initiatives Group model in creating your microcredit program • What is the size of the loan portfolio What has been the growth rate in the outstanding loan portfolio (how does this compare to the 2007-08 national average of 72%) • What kind of needs assessment was performed prior to starting up the microcredit initiative 18
APPENDIX I (Continued) Microcredit Structure 1. What are some of the characteristics of the clientele for this institution • Do the recipients have to be Kashmiri and how is this determined Can they be seasonal workers from other states in India • Is there a cut-off in terms of income-level for people who are allowed to receive microcredit loans How do the clients provide this information • What is the male / female ratio for recipients of the loans • What industry does this institution make out loans to and in what proportion for each industry • What income-level are the loans made out to • Where is most of the clientele located (cities, countryside, etc.) • What has the repayment rate been in the past and does this differ across income level, industry and gender • Compared to the national average of 39% in 2007-08, hat has been the client outreach growth for MFIs here What has been the mode of computing this figure and are there measures to avoid double-counting 2. What are the characteristics of loans given out to the clientele described above • Is there a subscription fee to enter a microcredit contract • What is the maximum loan amount Does this differ by industry • How long does it take between applying for a loan and getting it (administrative cost time lag) • What is the paperwork involved in applying for a loan • Is there a limit to the number of loans one can ask for in a lifetime • What is the interest rate on the loans Is there a cap on this • Do you distinguish between loans made out to individuals and organizations If so, which conditions change • Is there a distinction made for the poor and ultra-poor living in the same area How do you select clients based on this income-level 3. Are there any sector-specific approaches to microcredit in Kashmir • If so, what sectors are included • What is the justification for different loans for these sectors • How does it differ by sector in terms of repayment rate (seasonal), amount of loan, interest rate, etc. • If these measures do not exist, why not • Does microcredit limit itself to the profitable sectors 4. What is the structure of repayment for microcredit loans • Has this structure encountered any problems • What is the grace period for repayment What happens if the client defaults • What percentage of the clients default on repayment Why do you think this is so • Are there different repayment schemes by industry – e.g. for agriculture which is seasonal 19
Page 1 and 2: Jammu & Kashmir: An Analysis of Mic
Page 3 and 4: Our sincere thanks to the following
Page 5 and 6: “Microcredit is an idea whose tim
Page 7 and 8: Outline of the Report The following
Page 10 and 11: MICROCREDIT AT THE INSTITUTIONAL LE
Page 12 and 13: MICROCREDIT AT THE GRASSROOTS LEVEL
Page 14 and 15: Future Obstacles Anticipated 1. Sca
Page 16 and 17: CONCLUSION Microfinance in the Kash
Page 20 and 21: APPENDIX I (Continued) Microcredit
Page 22 and 23: APPENDIX I (Continued) Profitabilit
Page 24 and 25: APPENDIX II (Continued) Repayment S
Page 26: APPENDIX III (Continued) SHG Operat

State of Microfinance in J&K - KashmirCorps

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